Product Description

The Penny and Hooper decision is a landmark tax avoidance case with implications for small businesses operating through a company or trust.

There are many issues to consider, so we enlisted the help of specialists nsaTax to develop a concise and practical Shareholder Remuneration Kit.

From dealing with client queries to marketing a shareholder remuneration review service, it has been designed to help you and your team get up to speed with the issues and pave the way for at risk clients.

The Kit Includes:

An FAQ on Penny & Hooper and the implications

A letter to engage clients over the possible need for a shareholder remuneration review

A script to address client queries surrounding Penny & Hooper

A report for clients on shareholder remuneration and the implications of the Penny & Hooper decision

A procedure to conduct a shareholder remuneration review for a client company

A shareholder remuneration review checklist

Crunch Time:

Over recent months the IRD have been creating a list of taxpayers who appear to be operating under the Penny & Hooper structure - including medical professionals, architects and accountants. The IRD has advised that risk review letters are on their way to the people they believe might be at risk.

It's time to proactively engage your clients and help them to avoid the minefield that is Penny & Hooper!